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JSW Steel Q4 results: Net profit plummets 86% to Rs 242 crore; misses Street estimates

May 23, 2020 - The Economic Times

NEW DELHI: Steelmaker JSW Steel on Friday reported a 85.98 per cent year-on-year (YoY) drop in standalone net profit at Rs 242 crore for the March quarter, compared with Rs 1,727 crore in the same quarter last year.The profit figure missed ET NOW poll estimate of Rs 733 crore.Gross revenue for the quarter fell to Rs 15,020 crore from Rs 19,418 crore in the year-ago quarter.Consolidated profit stood at Rs 188 crore and revenue at Rs 17,887 crore.The company made an impairment provision of Rs 1,30...